$5,213 Closing Credit*
$439,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: WEICHERT REALTORS
Is 07863, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 07863 was a Seller's Market.
Key Takeaway
07863 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07863, NJ
How much do homes in 07863, NJ cost?
Median Sold Price
$307,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,000(+8.5%)
Key Takeaway
Homes in 07863 have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in 07863 was $307,500 in November 2024, up 8.5% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $95.5K | -6.8% |
| 2 Bedrooms | $229.8K | $225K | -2.1% |
| 3 Bedrooms | $274.9K | $355K | +29.1% |
| 4 Bedrooms | $430.5K | $525K | +22.0% |
| 5+ Bedrooms | $372.5K | $341.4K | -8.3% |
Summary: 07863 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 8.3%.
Housing Supply in 07863, NJ
How many homes are available in 07863, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The 07863 real estate market had 23 homes for sale in November 2024, a 4.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 07863 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07863, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 07863 in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07863, NJ
We’re sorry, we don't have information for this market at the moment
